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USD/JPY Weekly Forecast: Poised to advance

2/12/2021 3:40:21 PM GMT USD/JPY retreats below 105, finds support at 104.55, recovers. Chairman Powell: The US labor market remains weak. Chairman Powell: Fed has no plans for rate increases or bond program reductions. US Treasury rates move higher after Wednesday low. FXStreet Forecast Poll sees no immediate increase in USD/JPY. The USD/JPY reneged on its breakout promise this week dropping below 105 on Tuesday but support at 104.55 held on Thursday. The descending channel is increasingly distant and a declining a draw with the upper border below 103. Movement in the pair is tied to improvement in the US economy and Treasury rates.

Market Watch 666 For 14February 2021

Market Watch 666 For 14February 2021 January’s consumer prices, December s wholesale trade and December s JOLTS Please share this article - Go to very top of page, right hand side, for social media buttons. CPI Rose 0.3% in January on Higher Prices for Fuel, Clothing, and Medical Services The consumer price index rose 0.3% in January, as higher prices for fuel, clothing, medical services and restaurant meals were only partly offset by lower prices for groceries, new & used vehicles, utilities and airline fares.the Consumer Price Index Summary from the Bureau of Labor Statistics indicated that seasonally adjusted prices averaged 0.3% higher in January, after rising by a revised 0.2% in December, 0.2% in November, 0.1% in October, 0.2% in September, 0.4% in August, by 0.5% in July and by 0.5% in June, after falling by 0.1% in May, falling by 0.7% in April and by 0.3% in March, but after rising by 0.1% in February, and by 0.2% last January (all revised)..the unadjusted CPI-U index

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